FXTM MARKET UPDATE: USD Strength Spurs Currency Wars
The market has experienced substantial volatility in the past few days on the back of Federal Reserve Chairman Ben Bernanke’s statement last week that the Fed intends to taper economic stimulus later this year. Although he has not said when the stimulus will be completely withdrawn, this news has spurred US dollar strength and dragged […]
FXTM Market Update
The yen showed some unexpected strength on Monday, but the revival of Japan’s currency was short-lived when all of the majors, including the yen, weakened again early on Tuesday. Although this initial strength seemed like a positive move for the yen, traders should act with caution in response to any signs of strength because the […]
FXTM Market Update
Last week, a further weakening of the yen took the market by surprise with few analysts expecting the currency to decline so far. With Japan’s economic policy minister Akira Amari warning that further weakness may “hurt people’s lives”; it is not only traders who are looking at this currency closely. Technical analysis indicates that further […]